Specialty treaty
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RSA’s London Market and European specialty lines teams are to set to join forces with Intact’s global specialty team, following Intact’s acquisition of RSA’s UK & International business (UK&I) in June.
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The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.
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The deal combines the two major mobile telematics companies, which will now cover 21 of the 25 top US auto insurers.
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Corant president Andy Wallin will run the broking segment, while Corant CEO Steve Hearn will lead a unit the includes reinsurance.
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Continued rate momentum and retention drives growth in the carrier’s global specialty business.
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